“This is the Bitcoin cycle !”
Not so fast!
In 2016, 20,200 Bitcoin blocks after the halving, Bitcoin was hovering near the red-line support. This situation was more challenging than what we see today.
In 2020, 20,200 blocks post-halving, Bitcoin found itself between the green-line (linear regression) and the red-line support—exactly where we are now.
Fast forward to 2024, and 20,200 blocks after the halving, Bitcoin is once again positioned between the green-line linear regression and the red-line support, just like in 2020.
Conclusion: This cycle is not the worst—it's part of a historical pattern. Keep an eye on these trendlines, and let the data speak for itself.
#BTC☀ #CryptoMarketMoves #CryptoCycle2024 #cryptopm #bullrun2024📈📈
